Should You Buy Lowe's Stock Hand Over Fist With $1,000 Right Now?

Lowe's Companies (NYSE: LOW) recently reported results for its fiscal 2023 fourth quarter (ended Feb. 2). Net sales of $18.6 billion were 17% lower compared to the year-ago period, with diluted earnings per share (EPS) coming in at $1.77. The headline figures were better than what Wall Street analysts were expecting.

Like its larger peer, Home Depot, this business is dealing with ongoing headwinds that pressure demand for home improvement products. As of Feb. 27, the retail stock was 12% below its all-time high, even though it has soared 120% in the last five years.

Is it the right time to buy Lowe's hand over fist with $1,000?

Source Fool.com